WEIS POSTS PROFIT GAINS

SUNBURY, Pa. -- Weis Markets here said last week that increases in store-level productivity and expense controls helped the company boost fourth-quarter net income by 28.3%, to $16 million, on a 0.7% increase in sales, to $507.2 million, vs. year-ago results.stern states.During the 13-week quarter, the company opened a new superstore in Mechanicsburg, Pa., and a replacement store in Muncy, Pa.Net

SUNBURY, Pa. -- Weis Markets here said last week that increases in store-level productivity and expense controls helped the company boost fourth-quarter net income by 28.3%, to $16 million, on a 0.7% increase in sales, to $507.2 million, vs. year-ago results.

stern states.

During the 13-week quarter, the company opened a new superstore in Mechanicsburg, Pa., and a replacement store in Muncy, Pa.

Net income for the year ended Dec. 28, 2002, totaled $59.15 million, up 18.2%, on sales gains of 1.4%, to $2 billion.

Identical-store sales were up 0.9% for the fourth quarter and 1.4% for the year.